VANCOUVER, BC, Oct. 2, 2020 /CNW/ - Group Eleven Resources
Corp. (TSX.V: ZNG) (OTC: GRLVF) (FRA: 3GE) ("Group
Eleven" or the "Company") announces that it has granted
incentive stock options, on October 2,
2020, to directors, officers and employees of the Company to
purchase up to 1,535,000 common shares in the capital stock of the
Company. These options vest over a period of two years from the
date of grant, at an exercise price of $0.09 per share. All options granted are subject
to regulatory approval.
The Company has also granted 666,666 deferred share units to
three independent directors as an annual award for services
provided, in accordance with the provisions of the Company's
deferred share unit plan.
About Group Eleven Resources
Group Eleven Resources Corp. (TSX.V: ZNG; OTC: GRLVF and FRA:
3GE) is a mineral exploration company focused on advanced stage
zinc exploration in Ireland. The
Company's key project in Ireland
is a 76.56% interest in the Stonepark project (joint ventured with
Arkle Resources plc) and a 100% interest in the adjacent PG West
Project, located near Limerick,
next to one of the world's largest undeveloped zinc deposits:
Pallas Green deposit.
Additional information about the Company is available at
www.groupelevenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer
Neither the TSXV nor its Regulatory Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements within
the meaning of applicable securities legislation. Such statements
include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company,
including the timing, content, cost and results of proposed work
programs, the discovery and delineation of mineral
deposits/resources/ reserves and geological interpretations.
Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be
located. All of the Company's public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these
materials, including the technical reports filed with respect to
the Company's mineral properties.
SOURCE Group Eleven Resources Corp.
